This Week Has Been About The Holiday Season and the Major Economic Reports Being Released.

For those of you in the States, a slightly belated Happy Thanksgiving, as this week’s installment of the week in review falls on “Black Friday,” the busiest shopping day of the year for retailers in the U.S. Happy holidays to everyone else, as where, because it can never be a bad thing to spread a little bit of cheer. Some places were very quiet this week, as no major economic reports were released from Australia and New Zealand, but it was a very busy week of reports in other parts of the world like the United States and Europe. Surprisingly, the biggest mainstream news story on the world economy is in Dubai , where economic problems are fueling fears of unpaid debts and a blow to the recovering world economy. Since billions of dollars in debt is owed to several different investing nations, stocks fell in multiple countries in response to these fears.

This definitely bears watching as the world economy is so interconnected that a massive fall out in Dubai could affect the entire Middle East, which could send more shockwaves through a world market that isn’t in the best position to take more stress after the past two years of recessionary pressures, housing market pressures, and a still shaky recovery just beginning to gain momentum.

Beyond this story, this week has been about the holiday season and the major economic reports being released. So without any further wait, here is this week’s installment of the week in review.

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